Pinnacle Condominium Price Increase
Pinnacle Las Vegas
Pinnacle Las Vegas
more images
Pinnacle Las Vegas has announced an increase of interest particularly in May 2006, and the current block of pre-released high rise residences is nearly sold out. At of the end of May they will release the next block in line. As a result Pinnacle Las Vegas also went though a 5% price increase.
Pinnacle condominiums will still be available at the original price for a short period of time for buyers that have previously expressed interest in the project. By placing a reservation now, buyers will benefit not only from the unit price increase but also from an amenities price increase.
The extension for expressed interested buyers in Pinnacle Las Vegas will have until Saturday, June 3rd at 5 pm (PST) to receive the reserved units at current pricing. Requests for the few remaining units in block one of Pinnacle condominiums will be accommodated on a first come first served basis, therefore, time is of the essence.
.....
heres a ton of renderings of the village at queenridge
http://www.manhattanization.com/las-...dge/images.rub
.....
Las Vegas Buyers Sue Developer
The Related Group
Exterior Rendering of Icon
>>more images
A large group of condominium buyers that bought into Icon Las Vegas, a now cancelled high rise project, have filed a lawsuit against the developer Related Las Vegas, claiming that the company violated the purchase agreements.
The lawsuit was filed last week in Clark County District Court by 16 buyers from both California and Nevada. They are going to argue that Related had no right to unilaterally cancel plaintiffs’ purchase agreements when it scrapped its plans to build Icon Las Vegas.
Related blamed its failure to build on the skyrocketing construction costs and failure to obtain purchase agreements for at least half of the 514 units at both Icon Las Vegas within 180 days of starting sales, according to buyers' Las Vegas-based lawyer, Jay Waller. However, when the project was canceled only eight units remained for sale in the first tower and 53 units were available in the second tower, give or take a few, he said.
"They sold way more than 50 percent and had no right to cancel. Our clients had a chance to buy at other places like Sky (Las Vegas)," Waller said. "These people make promises. That contract is a promise. Increased construction costs are not our problem."
Related spokeswoman Stephanie Wilson said Thursday the company does not comment on litigation.
Buyers received a letter from the developer explaining that "unforeseen delays, including lawsuits, together with increases in construction material costs, have significantly impeded our development plans for Icon and affected the viability of the project."
Las Ramblas
The project, led by Marty Burger and veteran Florida developer Jorge Perez, was initially hailed as one of the stronger of dozens of high-rise condominiums planned in Las Vegas because of its solid financing and seasoned development team.
Icon was the second time Related abandoned a Las Vegas project leaving doubts in the minds of realtors and buyers about the Las Vegas High Rise market. The first was in early October when they backed out of an agreement with the city to be the master developer of a 61 acre Union Park. The third where plans for a 514 luxury residential units in two 28 stories. The fourth and last on the list is Las Ramblas. In all situations Related Group put the blame on skyrocketing construction costs.
.........
World Market Center Las Vegas
Third Building Approved By The CityThe City of Las Vegas unanimously approved plans for Phase 3 of the project and the adjacent 9-story parking garage. At nearly 2.1 million square feet and 16-stories with a construction cost in excess of $500 million, Building 3 will be the largest and most diversified showroom structure planned for the 12 million square foot home furnishings campus.
World Market Center Las Vegas
World Market Center plans to pull permits and break ground on Phase 3 in the fourth quarter of 2006 with an 18-month construction timeline. Once complete in 2008, the first three buildings will total 5 million square feet of permanent home furnishings showrooms across all industry segments with an additional million-plus square feet available at temporary venues.
World Market Center officials have already begun leasing Building 3 with nearly 15% of the space already committed.
"We are bringing the best of each market segment to this building and under one roof," said Jack Kashani, Managing Partner of World Market Center. "Such diversification allows manufacturers to cross-sell and cross-merchandise in a whole new way, and will expand business opportunities for them to reach new buyers across all industry segments."
Building 3 will allow significant growth opportunities for sectors of the industry that World Market Center already caters to, such as furniture and decorative accessories, in addition to offering major expansion opportunities for lighting and floor coverings, as well as fostering the introduction of new segments such as textile and floral/seasonal goods.
"The third building is by far the most diverse line-up and will make World Market Center and its suppliers a true ‘one-stop shopping’ destination for buyers," said Dave Palmer, General Manager of World Market Center. "In the next few years, Las Vegas Market will be poised to deliver the entire spectrum of products in all segments."
The layout of the third building is as follows: open-daily Design Center showrooms on Floors 1, 3, 4 and 5; home accent, accessories and seasonal merchandise on Floors 6 and 7; floor coverings goods including rugs, carpets, hardwood, tile, stone and laminate on Floors 8 and 9; lighting showrooms including portable and fixtures on Floors 10 and 11; furniture showrooms with an emphasis on high-end goods and contemporary sector on Floors 12 through 16. Each floor will be connected by sky bridges to Building 2 and 1.
Night Time At The World Market Center
"The first three buildings are configured in such a way that if one segment of the home furnishings industry has greater demand, the segment can expand vertically into new floors as well as horizontally into new showrooms in adjacent buildings," said Babs Blair, Director of Leasing for World Market Center. "Manufacturers of a particular segment can be placed appropriately to create an efficient marketplace, keeping the segments together and enhancing the buyers’ experience in terms of shopping by category."
Building 3 will feature a contemporary architectural design and boasts many state-of-the-art technologies, amenities and conveniences. Each level of the building, totaling 140,000 square feet each, offers open, easy to walk floor plans with optimum racetrack circulation as well as sky bridges connecting to other buildings. Rounding out the amenities of the building are "smart" building technologies, wi-fi access, full service cafes, internet lounges, ample parking, easy access loading docks, freight elevators and much more.
Phase 2, currently under construction and opening for the January 2007 market, is an impressive 1.6 million square feet, 16-story structure and is the largest non-gaming construction project underway in the city of Las Vegas. "Building 2 is fully leased and is a well-anchored building with very strong companies and larger showrooms across the board," according to Blair.
The 57-acre integrated campus, when completed, will boast eight buildings totaling 12 million square feet, making the World Market Center the largest trade complex in the world. World Market Center’s managing partners Jack Kashani, Shawn Samson along with The Related Companies, LP will continue to oversee the highly-experienced management, construction, leasing and operations team. The development team for Phase 3 will include Jerde Partnership International as lead design architects, JMA Architecture Studios as executive architects, in addition to many other experienced subcontractors and members of the trade.
For leasing opportunities in Building 3 please call 888-416-8600. The next Las Vegas Market takes place July 24-28 at World Market Center and Pavilions; the Temporaries will be held at the Las Vegas Convention Center and open on July 25. In all the July 2006 Market will be the largest Las Vegas Market yet with more than 2.6 million square feet of permanent showrooms and temporary exhibits.